Singapore legislation

Section 12A

of National Arts Council Act 1991

Section 12A

Issue of shares, etc.

As a consequence of the vesting of any property, rights or liabilities of the Government in the Council under this Act, or of any capital injection or other investment by the Government in the Council in accordance with any written law, the Council must issue such shares or other securities to the Minister for Finance as that Minister may direct.

Read in full context — National Arts Council Act 1991 →